Hyundai Motor India total sales up 4.25% in January

Exports of the company also went up by 10.76% to 17,722 units during January from 16,001 units in the same period previous year. Photo: Mint

New Delhi: The country’s second-largest car maker Hyundai Motor India Ltd (HMIL) on friday reported a 4.25% rise in its total sales at 52,024 units in January. The company had sold 49,901 units in the same period last year, HMIL said in a statement.

In the domestic market, the company recorded an increase of 1.19% in sales at 34,302 units compared with 33,900 units in the year-ago period. Exports of the company also went up by 10.76% to 17,722 units during the month under review from 16,001 units in the same period previous year, the statement said. “The market was subdued on account of macroeconomic factors. For Hyundai, the year has started on a positive note with growth in its domestic and export sales... Marketing initiatives in rural markets are bringing volume growth,” HMIL vice-president (sales and marketing) Rakesh Srivastava said.

The change in price differential between petrol and diesel rates has increased interest in petrol cars, reflecting in the waiting period for models like Eon, and petrol variants of i20 and Verna, he added. The company sold 45,297 units in the A2 segment (Eon, Santro, i10 and i20), while sales in the A3 segment (Accent and Verna) stood at 6,164 units in January 2013. The company sold 55 units of the sports utility vehicleSanta Fe during the month. Sales of luxury sedan Sonata stood at 20 units, while Elantra witnessed 488 purchases.